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At a 6% stake, even a $15MM acquisition leaves you with $900k, or enough money to fund 50 new startups (almost a full YC round). Are you saying these acquisiti
by redthrowaway 15y ago
At a 6% stake, even a $15MM acquisition leaves you with $900k, or enough money to fund 50 new startups (almost a full YC round). Are you saying these acquisitions have little to no impact on your bottom line?
- pg 15y agoCompanies won't pay 15m for HR acquisitions. Try 3-5. But yes, statistically, even 15m exits don't affect our returns much. (Your hypothetical case is also off, because you forget dilution and operating expenses. A 15m acquisition would fund less than a third of a batch.)